Market News

  • European shares gain, Generali up on dividend commitment

    European shares rose on Wednesday after sharp declines in the previous session, with Italy's biggest insurer Generali gaining after committing to boost dividends and enzymes maker Novozymes advancing on a UBS upgrade. Shares in Generali progressed by 2 percent after the company said it would…

    Reuters31 mins ago
  • JGBs shrug off firm stocks, track Treasuries' rise

    Japanese government bond prices firmed on Wednesday, as overnight strength in U.S. Treasuries and solid results of the Bank of Japan's bond-buying operations offset the impact of stronger Japanese shares and a weaker yen. The BOJ offered to buy 400 billion yen ($3.25 billion) of JGBs in the…

    Reuters39 mins ago
  • Gold holds near two-week low as U.S. rate hike looms

    Gold held near a two-week trough on Wednesday after sliding almost 2 percent in the previous session as upbeat U.S. economic data strengthened expectation that the Federal Reserve may be on course to raise interest rates this year. "I think the Fed would raise rates at least once this year and…

    Reuters41 mins ago
  • Higher Oil Prices Are Good for OPEC: Al-Harami

    (Bloomberg) –- Independent Oil Analyst Kamel Al-Harami discusses the oil markets ahead of next week’s OPEC meeting. He speaks to Bloomberg’s Caroline Hyde and Mark Barton on “Countdown.” (Source: Bloomberg) ...

    Bloomberg53 mins ago
  • Tokyo, Shanghai rallies buck Asian market losses

    Tokyo's stock market clocked up a ninth straight gain Wednesday thanks to a weaker yen while Shanghai jumped for a seventh session as investors bet on China unveiling more economy-boosting measures. Sydney shed 0.83 percent, or 48.1 points, to close at 5,725.3 and Seoul sank 1.68 percent, or 36.00…

    AFP57 mins ago
  • U.K. Stocks Rise From Two-Week Low as IAG, Imperial Tobacco Gain

    U.K. stocks rebounded amid deals activity. Imperial Tobacco Group Plc climbed 1.5 percent after agreeing to buy Reynolds American Inc.’s Winston, Kool, Salem and Maverick. Aer Lingus Group Plc gained 1.9 ...

    Bloomberg
  • Shell drilling may spur Arctic resource race

    The Arctic is rich with hydrocarbons, and the jockeying for position is heating up.

    USA TODAY
  • Oil rebounds, U.S. crude stocks in focus

    Crude futures rose on Wednesday to recover some ground after steep drops in the previous session, boosted by expectations that U.S. crude stocks could fall for a fourth straight week. Prices were also supported by comments from western diplomats that a nuclear deal with Iran was unlikely by a June…

    Reuters
  • SE Asia Stocks - Fall on renewed U.S. rate hike concerns

    BANGKOK, May 27 (Reuters) - Southeast Asian stock markets tumbled on Wednesday as investors resumed selling on expectations of an interest rate hike in the U.S. sooner rather than later, derailing Philippine ...

    Reuters
  • Malaysia's closing tin prices for May 27

    KUALA LUMPUR, May 27 (Reuters) - Following is a table of Kuala Lumpur tin market prices provided by a Malaysian trader. (Prices in $/tonne, and volumes in tonnes unless stated) Date KL Premium/ Spot Bid ...

    Reuters
  • China's Zijin buys stakes in gold, copper projects

    HONG KONG/TORONTO, May 27 (Reuters) - China's Zijin Mining Group , which announced two acquisitions on Tuesday for more than $700 million, believes now is the good time to buy overseas assets as the mining sector is weak, a senior executive said on Wednesday. "In terms of acquisitions, now is…

    Reuters
  • Citigroup cuts long-term iron ore forecast to $55 as demand shrinks

    Citigroup has slashed its long-term iron ore price forecast by 32 percent to $55 a tonne, predicting global demand led by top consumer China will contract from 2018 to 2025 while low-cost output will rise. "Perhaps the greatest structural challenge facing the iron ore market is the rolling over of…

    Reuters
  • Turn Out the Lights: Australia Calls Commodity Spending Boom End

    Australia, an engine room of the decade-long global commodity boom, is forecasting a staggering 90 percent plunge in spending on projects, calling time on its biggest resources bonanza since the 1850s gold rush. After a collapse in prices from oil to iron ore, the value of Australia’s approved and…

    Bloomberg
  • Apple set to issue yen-denominated bonds

    Apple Inc. will likely issue the company’s first yen-denominated bonds in June, people familiar with the issuance say, in the latest of several moves to take advantage of rock-bottom interest rates in ...

    MarketWatch
  • May Take a Couple of Years to Turn Profitable: Snapdeal

    (Bloomberg) –- Snapdeal CEO and Co-Founder Kunal Bahl discusses India’s e-commerce industry, the companies that are interested in investing in his company, and his strategy for growth. He speaks to Bloomberg’s ...

    Bloomberg
  • Universal Studios Japan to apply for autumn listing in Tokyo -source

    The operator of the Universal Studios Japan theme park aims for an initial public offering in the autumn and will apply for a listing with the Tokyo Stock Exchange as early as this month, a source with knowledge of the plan said. A spokesman for Universal Studios Japan declined to comment on…

    Reuters